Several members of Congress are pushing the Trump administration to automatically renew exclusions from the 25 percent additional tariff imposed on $50 billion worth of imports from China. Those exclusions, which are being announced in stages, are currently effective for one year after they are published.
Noting that the one-year anniversary of the Section 301 tariffs on so-called List 1 and List 2 goods from China is nearing, the bipartisan group of four lawmakers encouraged U.S. Trade Representative Robert Lighthizer to “see the value in automatically granting renewed exclusions for products which had already received an exclusion.” As of June 7 USTR had granted about 2,400 exclusions for List 1 goods but had yet to approve any for List 2 goods, with most requests having been denied and some still under review. The letter argued that it would be a “mistake” to allow those exclusions that have been granted to expire “even though there is no change in circumstances;” i.e., the U.S. and China have yet to reach an agreement to resolve the issues underlying the decision to impose the tariffs in the first place.
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© 2019, Sandler, Travis & Rosenberg, P.A. Originally published in the [June 14, 2019] issue of the Sandler, Travis & Rosenberg Trade Report. Reprinted by permission.
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- On June 18, 2019
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